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Captive Insurance Company Definition | Investopedia

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Captive insurance programs

Employee Benefit Group Captives
Don’t pay more than necessary for employee benefits. Pareto Captive Services can help you form or join an employee benefit group captive. Now you can cut out the insurance industry’s profits while continuing to provide the same caliber of benefits that keep your employees healthy, happy and productive.

"Great place to network and keep up with the changes in the industry. I always look forward to hearing from knowledgeable, experienced panelists"

"Burlington is a beautiful spot, the people are warm and friendly. Great conference town!"
"I think the conference is very well organized and a great event for the captive industry!"

The owner of this website (www.captive.com) has banned the country or region your IP address is in (RU) from accessing this website.

Employee Benefit Group Captives
Don’t pay more than necessary for employee benefits. Pareto Captive Services can help you form or join an employee benefit group captive. Now you can cut out the insurance industry’s profits while continuing to provide the same caliber of benefits that keep your employees healthy, happy and productive.

"Great place to network and keep up with the changes in the industry. I always look forward to hearing from knowledgeable, experienced panelists"

"Burlington is a beautiful spot, the people are warm and friendly. Great conference town!"
"I think the conference is very well organized and a great event for the captive industry!"

Employee Benefit Group Captives
Don’t pay more than necessary for employee benefits. Pareto Captive Services can help you form or join an employee benefit group captive. Now you can cut out the insurance industry’s profits while continuing to provide the same caliber of benefits that keep your employees healthy, happy and productive.

Employee Benefit Group Captives
Don’t pay more than necessary for employee benefits. Pareto Captive Services can help you form or join an employee benefit group captive. Now you can cut out the insurance industry’s profits while continuing to provide the same caliber of benefits that keep your employees healthy, happy and productive.

"Great place to network and keep up with the changes in the industry. I always look forward to hearing from knowledgeable, experienced panelists"

"Burlington is a beautiful spot, the people are warm and friendly. Great conference town!"
"I think the conference is very well organized and a great event for the captive industry!"

The owner of this website (www.captive.com) has banned the country or region your IP address is in (RU) from accessing this website.

An insurance agent who only works for one insurance company. A captive agent is paid by that one company either with a combination of salary and commissions or with just commissions. He or she may be a full-time employee or an independent contractor , and may be provided with office space and benefits by the employer. Captive agents have in-depth knowledge of their particular company's insurance products, but cannot help a client who does not need or does not qualify for that company's products. The parent company may push its captive agents to sell certain policies or meet certain sales quotas .

Employee Benefit Group Captives
Don’t pay more than necessary for employee benefits. Pareto Captive Services can help you form or join an employee benefit group captive. Now you can cut out the insurance industry’s profits while continuing to provide the same caliber of benefits that keep your employees healthy, happy and productive.

"Great place to network and keep up with the changes in the industry. I always look forward to hearing from knowledgeable, experienced panelists"

"Burlington is a beautiful spot, the people are warm and friendly. Great conference town!"
"I think the conference is very well organized and a great event for the captive industry!"

The owner of this website (www.captive.com) has banned the country or region your IP address is in (RU) from accessing this website.

An insurance agent who only works for one insurance company. A captive agent is paid by that one company either with a combination of salary and commissions or with just commissions. He or she may be a full-time employee or an independent contractor , and may be provided with office space and benefits by the employer. Captive agents have in-depth knowledge of their particular company's insurance products, but cannot help a client who does not need or does not qualify for that company's products. The parent company may push its captive agents to sell certain policies or meet certain sales quotas .

There are many variations of how captives can be set up, which can be broken into two categories. The first category is known as non-sponsored in which the company is the creator and beneficiary. Within that category the most common are single-parent or “pure”, group and association. The second category is sponsored in which the captive is owned and controlled by another company that allows other companies to “rent” insurance. This category includes Protected Cell Captive Insurers and Rental Captives. [3]

Captives are licensed by many jurisdictions . The captive's primary jurisdiction is known as its domicile . The captives are then regulated by local insurance authority agencies, which require that captives have enough money to pay claims as well as maintain a minimum surplus. Most captive insurers are based " offshore ", in places such as Gibraltar , Mauritius , Belize , Bermuda , The Cayman Islands , Ireland , Guernsey , Luxembourg , Barbados , Malta , The Bahamas , Singapore , Anguilla , the British Virgin Islands , Qatar Financial Centre, Dubai International Financial Centre and Jersey in the Channel Islands.

Captives can cover lines of business, such as workers' compensation , that have relatively predictable claim rates [ citation needed ] . They can access the reinsurance market to lay off (transfer) risks that they do not wish to accept: this may include product liability , general and professional liability and directors' and officers' liability . Vehicle insurance , both property damage and third party liability of corporate fleets and vehicles, is also quite commonly covered. [11]

In the European Union, a new set of regulatory requirements ( Solvency II ) is planned with additional restrictions and responsibilities for captives and reinsurance companies. Some European captives ask for simplified regulation. [12]

Reiss created the first captive management company, International Risk Management Limited (IRML), in Bermuda in 1962 to provide the administration of his client's captives (this is now part of the Aon Corporation ). [13] Most captive management is usually outsourced to a captive manager located in the jurisdiction that holds the primary license for the captive. [ citation needed ]

Captive insurance companies are creatures of the Internal Revenue Code . Over 75% of the world’s captives are associated with the United States because these insurance arrangements are encouraged under the Internal Revenue Code. Because captives are sophisticated tax structures (having been the subject of dozens of cases and rulings by the IRS, the Tax Court and various appellate courts over the past 70 years) captive owners often engage tax professionals in addition to captive managers that simply provide administrative services. [17] [18]

What Is Captive Insurance

Captive insurance - Wikipedia

Employee Benefit Group Captives
Don’t pay more than necessary for employee benefits. Pareto Captive Services can help you form or join an employee benefit group captive. Now you can cut out the insurance industry’s profits while continuing to